Economy

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  • Dollar exchange rate stable at major banks

    Dollar exchange rate stable at major banks

    Date: 2017-10-08 10:08:54 GMT - Egypt - Economy - SN:4 - ID:7028836

    The US dollar exchange rate was relatively stable during morning transactions at major banks on Sunday. The dollar exchange rate recorded EGP 17.60 for buying and EGP 17.70 for selling at the National Bank of Egypt and the Commercial ....

  • Nasr, Tunisian amb. tackle preparations for Egyptian-Tunisian High Committee

    Nasr, Tunisian amb. tackle preparations for Egyptian-Tunisian High Committee

    Date: 2017-10-06 09:21:26 GMT - Egypt - Economy - SN:5 - ID:7026121

    Investment and International Cooperation Minister Sahar Nasr discussed with Tunisian Ambassador to Egypt Nejib Mnif preparations for the 16th session of the Egyptian-Tunisian High Joint Committee, set to be held in November in Cairo under the ....

  • Tarek Amer named best Arab Central Bank Governor for 2017

    Tarek Amer named best Arab Central Bank Governor for 2017

    Date: 2017-10-05 15:06:14 GMT - Egypt - Economy - SN:6 - ID:7025391

    Governor of the Central Bank of Egypt (CBE) Tarek Amer was named as the best Arab governor for 2017 by the Union of Arab Banks (UAB) . In a statement released on Thursday, the UAB said Amer will be honored on the fringe of its annual Banking ....

  • Egypt's bourse gains 3.9 billion pounds

    Egypt's bourse gains 3.9 billion pounds

    Date: 2017-10-02 13:32:51 GMT - Egypt - Economy - SN:18 - ID:7020065

    The Egyptian Exchange (EGX) closed Monday trading with gains prompted by purchases of foreign institutions and investment funds. The market capital hit 3.9 billion pounds today to close at EGP 760.1 billion. The EGX 30 benchmark index upped ....

  • Nasr, EJBC members discuss increasing Japanese investments in Egypt

    Nasr, EJBC members discuss increasing Japanese investments in Egypt

    Date: 2017-10-02 12:53:20 GMT - Egypt - Economy - SN:12 - ID:7019680

    The main aim of the Ministry of Investment and International Cooperation is to provide suitable investment atmosphere that is attractive to the private sector to contribute to pumping foreign investments, Minister of Investment Sahar Nasr ....

  • CBE: Foreign cash reserves rise to 36.53 billion dollars

    CBE: Foreign cash reserves rise to 36.53 billion dollars

    Date: 2017-10-02 11:38:37 GMT - Egypt - Economy - SN:9 - ID:7019723

    Egypt's foreign cash reserves rose by 391 million dollars to hit 36.53 billion dollars compared to 36.14 billion dollars in August, the Central Bank of Egypt announced on Monday. ....

  • Trade, supply ministers, Saudi's Savola Group officials review boosting investments

    Trade, supply ministers, Saudi's Savola Group officials review boosting investments

    Date: 2017-10-01 11:55:16 GMT - Egypt - Economy - SN:6 - ID:7018004

    Ministers Tareq Qabil of Trade and Industry and Ali Moselhi of Supply held a meeting with officials from Saudi Arabia's Savola Group on the company's future plans in Egypt, especially with regard to pumping more investments . In a statement on ....

  • Nasr reviews economic reforms in meeting with development partners

    Nasr reviews economic reforms in meeting with development partners

    Date: 2017-10-01 11:31:15 GMT - Egypt - Economy - SN:4 - ID:7017932

    Minister of Investment and International Cooperation Sahar Nasr met with a number of Egypt's partners in development where they discussed the cooperation action plan and the government's efforts to improve the atmosphere of investment and business ....

  • IMF praises CBE policies to control inflation rate

    IMF praises CBE policies to control inflation rate

    Date: 2017-09-29 13:53:28 GMT - Egypt - Economy - SN:8 - ID:7015350

    The International Monetary Fund (IMF) praised on Friday the Central Bank of Egypt (CBE) policies to control inflation rate in the country. The CBE measures will take some time to bear fruits, the IMF tweeted in response to MENA. The economic ....

  • CBE keeps interest rates unchanged

    CBE keeps interest rates unchanged

    Date: 2017-09-29 10:40:25 GMT - Egypt - Economy - SN:6 - ID:7014965

    The Central Bank of Egypt (CBE) on Thursday decided to keep the key interest rates unchanged. The CBE kept the rate for the overnight deposit at 18.75 percent and for the overnight lending at 19.75 percent. ....

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